Sunday, January 3, 2010

Now that tax time is here, it is time to be reminded just how much it sucks to be DINKs. Even with a mortgage, donations, education loans, refinance costs (1/2 point), we are going to owe big time. While we were overseas, w/o a mortgage, Chrissy and I both claimed 0 on our W-4. Now that we are back, I claimed 2 figuring, with our mortgage, we should be good (Considering, when it was just me, I had 5 exceptions with my mortgage and still got money back). Well, looks like that was a gross mis-calculation. We might get wolluped this year in taxes. That is the only problem with not having little tax exemptions running around. We will see once I get the final info, but it isn't looking good.